How fast did the economy grow between these two years

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Reference no: EM13817175

Suppose that nominal GDP in year 1 is 200 and nominal GDP in year 2 is 242. Assume that inflation is 10 percent per year. How fast did the economy grow between these two years?

A. 10 percent

B. 12 percent

C. 21 percent

D. 42 percent

Reference no: EM13817175

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